🔍Auditing MCQs
Auditing MCQs
122 MCQs91
A statutory auditor has a right of access at all times to___________?
ABooks and accounts of a company
BBooks, accounts and documents of the company
CBooks, accounts and vouchers of the company
DNotices and documents of the company
92
Who out of the following cannot be appointed as a statutory auditor of the company?
AErstwhile director
Band (
CRelative of a director
DOnly (
93
The authority to remove the first auditor before the expiry of term is with__________?
Athe shareholders in a general meeting
Bthe shareholders in the first annual General meeting
Cthe board of directors
Dthe Central Government
94
If a casual vacancy in the office of auditor arises by his resignation it should only be filled by the company in a_________?
ABoard meeting
Bextraordinary general meeting
CGeneral meeting
Dannual general meeting
95
The term of the auditor ship of first auditor would be from the date of appointment till________?
Athe conclusion of statutory meeting
Bthe conclusion of first annual general meeting
Cthe conclusion of next annual general meeting
Dthe date of removal
96
Who is responsible for the appointment of statutory auditor of a limited company ?
ADirectors of the company
BMembers of the company
CThe Central Government
DAll of the above
97
The auditor should examine subsequent realization of revenue such as dividends, interest,commission, etc to:_____________?
Aidentify cases of unrecorded revenue
Bensure proper disclosure in the balance sheet
Crecompute accrued income on the data of balance sheet
DAny of these
98
To test whether sales have been recorded, the auditor should draw a sample from a file of__________?
Apurchase orders
Bsales orders
Csales invoices
Dbill of loading
99
Which of the following documents is not relevant for vouching cash sales?
ADaily cash sales summary
BSalesmen’s summary
CMonthly statements sent to customers
DBank statement
100
The client changed method of depreciation from straight line to written down value method. This has been disclosed as a note to the financial statements. It has an immaterial effect on the current financial statements. It is expected, however, that the change will have a significant effect on future periods. Which of the following option should the auditor express?
AUnqualified opinion
BQualified opinion
CDisclaimer of opinion
DAdverse opinion